| BES Stock | | | CAD 0.07 0.01 7.14% |
Braille Energy financial indicator trend analysis is way more than just evaluating Braille Energy Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Braille Energy Systems is a good investment. Please check the relationship between Braille Energy Minority Interest and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Braille Energy Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Minority Interest vs Depreciation And Amortization
Minority Interest vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Braille Energy Systems Minority Interest account and
Depreciation And Amortization. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Braille Energy's Minority Interest and Depreciation And Amortization is -0.35. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Braille Energy Systems, assuming nothing else is changed. The correlation between historical values of Braille Energy's Minority Interest and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Braille Energy Systems are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Minority Interest i.e., Braille Energy's Minority Interest and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.35 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Braille Energy Systems whose combined shares represent less than 50% of the total outstanding shares issued by Braille Energy have a minority interest in Braille Energy.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Braille Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Braille Energy Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Braille Energy Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Braille Energy's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 873.2
K in 2024, whereas
Discontinued Operations is likely to drop (21.3
K) in 2024.
Braille Energy fundamental ratios Correlations
Click cells to compare fundamentals
Braille Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Braille Energy fundamental ratios Accounts
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Additional Tools for Braille Stock Analysis
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